Conference Board Leading Economic Index for the U.S. Increased in September
Press release from the issuing company
Thursday, November 7th, 2013
The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.7 percent in September to 97.1 (2004 = 100), following a 0.7 percent increase in August, and a 0.4 percent increase in July.
"The September LEI suggests the economy was expanding modestly and possibly gaining momentum before the government shutdown," said Ken Goldstein, Economist at The Conference Board. "Beyond the immediate fallout of the shutdown, the biggest challenge is whether relatively weak consumer demand, pinned down by weak wage growth and low levels of confidence, will recover during the final stretch of 2013 and into 2014."
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.2 percent in September to 106.6 (2004 = 100), following a 0.3 percent increase in August, and no change in July.
The Conference Board Lagging Economic Index (LAG) increased 0.6 percent in September to 119.3 (2004 = 100), following a 0.3 percent increase in August and a 0.1 percent decline in July.
Summary Table of Composite Economic Indexes |
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2013 |
6-month |
||||||
Jul |
Aug |
Sep |
Mar to Sep |
||||
Leading index |
95.7 |
r |
96.4 |
r |
97.1 |
p |
|
Percent Change |
.4 |
r |
.7 |
.7 |
p |
3.0 |
|
Diffusion |
80.0 |
85.0 |
70.0 |
85.0 |
|||
Coincident Index |
106.1 |
106.4 |
r |
106.6 |
p |
||
Percent Change |
.0 |
r |
.3 |
r |
.2 |
p |
1.0 |
Diffusion |
62.5 |
100.0 |
100.0 |
100.0 |
|||
Lagging Index |
118.3 |
118.6 |
119.3 |
p |
|||
Percent Change |
-.1 |
.3 |
.6 |
p |
1.4 |
||
Diffusion |
35.7 |
57.1 |
85.7 |
50.0 |
|||
n.a. Not available p Preliminary r Revised |
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Indexes equal 100 in 2004 |
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Source: The Conference Board
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